There’s clearly a lot of fear in capital markets around the world and that’s usually represented by a rush to short-term government bonds, in particular US dollar government bonds. With this type of fear and the need for liquidity, just about all assets get sold and gold is one of those assets. If you have a longer-term view, however, and you believe these problems will be met with additional liquidity, then gold is something you should accumulate.
So says Caesar Bryan in edited excerpts from an article posted exclusively on King World News which can be read in its entirety here.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has edited the article below for length and clarity. This paragraph must be included in any article re-posting to avoid copyright infringement.
Bryan goes on to say, in part:
In a slow growth environment, the pressure is on the central banks to maintain a very loose and accommodative monetary policy, which will include further asset purchases. That’s an environment which is positive for the ultimate money, which of course is gold. We are in this tug of war right now. [Whether or not]…we’ve seen the end of the correction…the backdrop remains very positive for gold.
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